Dubai presents a desirable option to entrepreneurs from all over the globe. Many companies are looking to shift their business to Dubai since the tax laws are business-friendly and Free Zones make international trading easier.
So, if you want to open a business in UAE, you need Dubai company registration. Let. see how that works.
8 Steps for Company Registration in Dubai
Step 1: Choose a Business Activity
The first step of Dubai company registration is to choose your business activity. Businesses in Dubai are segmented into categories of commercial, industrial, and professional activities, and each type needs specific licenses and permits.
Step 2: Decide on a Business Structure
Selecting the correct business structure is essential before you register company in Dubai. Options include Limited Liability Company (LLC), Free Zone Company, and Branch Office.
Step 3: Select a Trade Name
Choosing a suitable trade name is crucial for Dubai company registration. It must comply with UAE naming conventions, avoiding offensive terms or abbreviations. Once you decide on a name, you’ll need to register it with the DED for exclusive use.
Step 4: Obtain Initial Approval
Next, apply for initial approval from the DED. You’ll need documents like your business plan, passport copies of shareholders, and initial capital proof for review. Once approved, let’s see the next steps.
Step 5: Memorandum of Association (MOA) is Important with the Local Service Agent Agreement
For businesses registering in Dubai, particularly LLCs, an MOA is necessary. Additionally, certain businesses may require a Local Service Agent agreement, especially those offering professional services.
Step 6: Lease Office Space
Having a physical office space is mandatory for UAE company registration. You’ll need a tenancy contract for the office location, as it serves as proof of a registered business address in Dubai.
Step 7: Finalise Registration and License Issuance
After submitting the required documents and paying the relevant fees, the DED will complete your registration and issue a business license.
Step 8: Open a Corporate Bank Account
Once your Dubai company setup is complete, you’ll need a corporate bank account to manage your business finances. Dubai banks offer various options tailored to foreign investors.
Conclusion
Registering a business in Dubai is an efficient process when following these structured steps. If you’re ready to begin your Dubai company registration, connect with E-Startup India for expert guidance and a smooth experience.
**’The opinions expressed in the article are solely the author’s and don’t reflect the opinions or beliefs of the portal’**
